Tesla Now Accepts Dogecoin, Could X Follow Suit?

Elon Musk, a longtime supporter of Dogecoin (DOGE), has integrated the meme-based cryptocurrency into Tesla’s payment system. Customers can now purchase select merchandise using DOGE on the Tesla website. This move follows Musk’s acquisition of payment licenses for his social media platform, X, sparking speculation about DOGE integration there as well.

Musk’s interest in DOGE dates back to 2019, and he has consistently advocated for its adoption. Tesla’s recent integration, while limited to merchandise, reflects this ongoing support. The company quietly enabled DOGE payments in early May, shortly after Musk expressed openness to the idea during a visit to a Tesla factory.

This development coincides with X’s efforts to obtain payment licenses across the United States. With 25 licenses already secured and more on the way, X is building the infrastructure necessary for peer-to-peer (P2P) transactions, similar to Venmo or Cash App. Notably, Musk reportedly envisioned offering DOGE payments on a social media platform before acquiring X, suggesting a potential future integration.

Further fueling speculation is a recent retweet by Musk. The post, featuring a comparison of the old X.com logo (a financial services platform founded by Musk) and the current X logo with the caption “The Everything App,” was retweeted by Musk with the cryptic comment, “The circle will be complete.” This suggests Musk’s desire to incorporate payments back into X, potentially fulfilling his vision of an all-encompassing platform.

While regulatory hurdles could delay the arrival of DOGE payments on X, Musk’s determination to transform X into a comprehensive “everything app” suggests a future that includes digital currency transactions. The ongoing acquisition of payment licenses and his past comments regarding DOGE point towards a potential integration, though the timeline remains uncertain.